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Worth noting that N26 was touted for a while as a grim reaper that would come to the UK with its vast capitalisation (at the time about 2-3x as a much as any UK
by SpeakMouthWords 7y ago
Worth noting that N26 was touted for a while as a grim reaper that would come to the UK with its vast capitalisation (at the time about 2-3x as a much as any UK mobile bank) and blow Monzo and Revolut away.
A good lesson that a well-funded incumbent in another market can't always make the hop to a different geography with assured success.
- andy_ppp 7y agoI mean giving up so easily when they have the capital to become a bank in the UK is really the issue here. Sure, it would have been harder than inside the EU, the real story is about them having no customers :-)